EUR/PLN - 1H - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 4.2800 PLN
My targets
4.3081 PLN (+0.56%)
4.3244 PLN (+0.94%)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.2800 PLN. The next resistance located at 4.3081 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.3244 PLN. After this resistance, buyers could then target 4.3381 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN price is 4.2843 PLN. On the day, this instrument gained +0.04% with the lowest point at 4.2813 PLN and the highest point at 4.2874 PLN. The deviation from the price is +0.07% for the low point and -0.07% for the high point.4.2813
4.2874
4.2843
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/PLN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.2549 | 4.2632 | 4.2800 | 4.2843 | 4.3081 | 4.3244 | 4.3381 |
| Change (%) | -0.69% | -0.49% | -0.10% | - | +0.56% | +0.94% | +1.26% |
| Change | -0.0294 | -0.0211 | -0.0043 | - | +0.0238 | +0.0401 | +0.0538 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2648 | 4.2687 | 4.2757 | 4.2796 | 4.2866 | 4.2905 | 4.2975 |
| Camarilla | 4.2797 | 4.2807 | 4.2817 | 4.2827 | 4.2837 | 4.2847 | 4.2857 |
| Woodie | 4.2664 | 4.2695 | 4.2773 | 4.2804 | 4.2882 | 4.2913 | 4.2991 |
| Fibonacci | 4.2687 | 4.2729 | 4.2754 | 4.2796 | 4.2838 | 4.2863 | 4.2905 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2238 | 4.2353 | 4.2511 | 4.2626 | 4.2784 | 4.2899 | 4.3057 |
| Camarilla | 4.2593 | 4.2618 | 4.2643 | 4.2668 | 4.2693 | 4.2718 | 4.2743 |
| Woodie | 4.2259 | 4.2364 | 4.2532 | 4.2637 | 4.2805 | 4.2910 | 4.3078 |
| Fibonacci | 4.2353 | 4.2458 | 4.2522 | 4.2626 | 4.2731 | 4.2795 | 4.2899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0866 | 4.1710 | 4.2170 | 4.3014 | 4.3474 | 4.4318 | 4.4778 |
| Camarilla | 4.2272 | 4.2392 | 4.2512 | 4.2631 | 4.2751 | 4.2870 | 4.2990 |
| Woodie | 4.0675 | 4.1614 | 4.1979 | 4.2918 | 4.3283 | 4.4222 | 4.4587 |
| Fibonacci | 4.1710 | 4.2208 | 4.2516 | 4.3014 | 4.3512 | 4.3820 | 4.4318 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.17 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 2.0292 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.2854 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2830 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 4.2782 | |
| Zig ZAG (10): | 4.2842 | |
| VORTEX (21): | 1.1621 | |
| Stochastique (14,3,5): | 61.10 | |
| TEMA (21): | 4.2854 | |
| Williams %R (14): | -50.82 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | -0.0135 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.17 |
| MA7: | 4.2713 | |
| MA20: | 4.2713 | |
| MA50: | 4.3127 | |
| MA100: | 4.3085 | |
| MAexp7: | 4.2843 | |
| MAexp20: | 4.2825 | |
| MAexp50: | 4.2783 | |
| MAexp100: | 4.2737 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.25% |
News
The last news published on EUR/PLN at the time of the generation of this analysis was as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
-
Poland: Political risks, and the EUR/PLN range-break
This member declared not having a position on this financial instrument or a related financial instrument.
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